The stock has witnessed a decent erosion from 1,575 level, bottoming out near 1,140 levels gradually, indicating improvement in the bias. Currently, a positive candle pattern indicated strength and has potential to rise further in the coming days. With the RSI also going strong has indicated a trend reversal to signal a buy. We suggest to buy this stock for an upside target of Rs 1,500, keeping the stop loss of Rs 1,200.
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BUY BAJAJ CONSUMER | CMP: Rs 253 | Target: Rs 285-295 | Stop Loss: Rs 240
The stock, after a decent correction, has bottomed out near 245 level and has indicated a positive candle pattern with improved bias to make the chart look attractive. Also, the RSI is well placed indicating strength and has indicated a trend reversal to signal a buy with potential for further upward move. We suggest to buy this stock for an upside target of 285 keeping the stop loss of 240.
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Disclaimer: The author is a technical analyst with Prabhudas Lilladher. She may have positions in one or more stocks mentioned above. Views are personal.  "insider selling")
